Palladium Hits 13-week Low

Palladium decreased to 1555.00 USD/t.oz, the lowest since December 2025. Over the past 4 weeks, Palladium lost 8.02%, and in the last 12 months, it increased 64.3%.

Palladium futures have fallen to around $1,600 per ounce, retreating from recent highs due to profit-taking, shrinking automotive demand, and growing supply. Following a strong rally in late 2025 and early 2026, when prices reached their highest levels since 2022, investors are now locking in gains, triggering a market sell-off. The accelerating shift toward battery-electric vehicles (EVs), which do not use palladium, is sharply reducing demand. On the supply side, the palladium market is transitioning into a surplus, driven by higher recycling volumes and steady primary production, adding downward pressure on prices.

Palladium futures rose past $1,570 per ounce, rebounding after recent losses as escalating geopolitical tensions stoked concerns over supply and broader market stability. The gains came amid ongoing conflict between the United States and Iran, with no signs of hostilities easing. Oil prices surged sharply after Donald Trump suggested the stand-off could continue for several more weeks, disrupting flows through the strategic Strait of Hormuz and raising fears of prolonged energy shortages. Investor caution rose as higher oil costs could further constrain vehicle production, limiting the use of palladium in catalytic converters and supporting prices. On the supply side, intermittent disruptions in South African palladium output continue to tighten medium-term supply. Over the past month, palladium has slipped 6.8%, but it remains 63.5% higher than a year ago.